! LATEST STORIES MOST READ SECTIONS Wednesday, January 23, 2019 would a taxman like me suddenly be thinking of a TV show about an " TODAY'S PAPER # ENTERTAINMENT

aristocratic family and its country mansion? Well, as my friend told me, one Lady Gaga is a double nominee at 91st Academy of the show’s episodes revolved around how the “death duties”—the British Awards term for “estate taxes”—for the enormous property (think hacienda) where JANUARY 23, 2019 01:59 AM

USA the fictional country manor sits would be paid. Ringside fans agree Pac- Man has what it takes for Mayweather 2 Should the family sell some of the land and break up the property that’s JANUARY 23, 2019 12:58 AM

been in the family for several generations, or try to negotiate a schedule to USA

Hawaii Filipino Chronicle

Of course, the age of the great haciendas of the Colonial era being long past, there aren’t that many enormous properties for which huge taxes have to be paid when they become someone’s inheritance, but the problems that accompany the payment of estate taxes aren’t limited to the upper crust of society and involve many other issues aside from where to get the money to pay the tax.

More often than not, wading through the interminable documentary

In recent weeks, there’s been some talk about moves to abolish the estate tax. Part of me thinks that proposal isn’t such a bad idea, but the more prudent side of me also knows that abolishing a particular tax won’t necessarily solve the problem.

It’s not hard to see why some people aren’t convinced that estate taxes contribute significantly to the country’s tax collections.

Data from the National Statistics Office shows that in 2010, there were just over 488,000 registered deaths—no mention, though, of how many of those individuals belonged to which economic class.

The BIR’s Annual Report for 2013 offered the information that there were FROM AROUND THE WEB only 28,634 registered estate taxpayers for that year, and taxes on property Tips for pretty hair —which include estate taxes—totaled only P3.275 billion, a minuscule 0.269 percent of thetoBIR’s We use cookies ensuretotal collection you get of P1.216 the best experience trillion. on our website.Taking suchyou By continuing, data areinto agreeing to I Agree consideration, our use of cookies.it’s obvi To find out more, please click this link.

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